Ethereum Classic / Dollar may rise to 27.50 - 29.65

Our pivot point is at 20.32.

Our preference

Rebound towards 29.65.

Alternative scenario

The downside breakout of 20.32 would call for 16.72 and 14.58.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23.84 and 27.02).

Supports and resistances

33.95 **

31.80 *

29.65 **

27.50

23.15 last

21.74

20.32 **

16.72 *

14.58 **

Number of asterisks represents the strength of support and resistance levels.